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SAP S/4HANA Cloud 2022 - Universal Parallel Accounting

For business steering purposes internationally operating organizations require a group view where intercompany profits between trading partners are eliminated in real-time. On top, a business unit view might be required where transfers to another business unit are treated as an external sale. Historically there were limitations with carrying multiple valuations through the entire financial process in a unified way. Hear from Michel Haesendonckx how universal parallel accounting changes this, by handling the different valuation views as ledgers. Universal parallel accounting also is the baseline for the concept of value chain analysis. To learn more about this concept, you are invited to have a look at the dedicated video. If you want to learn more about improvements in finance, you are invited to have a look at the following blog and dedicated topic-specific videos: https://sap.to/6056MchZC 0:00 Business reasons for Universal Parallel Accounting 2:20 Value Chain Analysis concept 2:55 The use of ledgers 3:47 Historical limits to parallel accounting 5:40 Delivering a parallel value flow across end-to-end processes 7:24 Ledger overview 9:03 Summary and conclusion